realpage inc (RP) Key Developments

RealPage, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014; Provides Earnings Guidance for the First Quarter and Year 2015

Feb 26 15

RealPage, Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported total revenue of $104,464,000 compared with $95,519,000 for the same period last year. Operating loss was $1,766,000 compared with operating income of $4,740,000 for the same period last year. Loss before income taxes was $2,099,000 compared with income before income taxes of $4,584,000 for the same period last year. Net income was $110,000 compared with net income $2,178,000 or $0.03 per diluted share for the same period last year. Net cash provided by operating activities was $19,918,000 compared with $17,600,000 for the same period last year. Purchases of property, equipment and software were $7,937,000 compared with $10,762,000 for the same period last year. Adjusted EBITDA was $17,247,000 compared with $24,801,000 for the same period last year. Non-GAAP net income was $7,130,000 or $0.09 diluted per share compared with $12,391,000 or $0.16 diluted per share for the same period last year. Non-GAAP operating income was at $11,866,000 against $20,804,000 reported last year.
For the year, the company reported total revenue of $404,551,000 compared with $377,022,000 for the same period last year. Operating loss was $15,503,000 compared with operating income of $21,559,000 for the same period last year. Loss before income taxes was $16,607,000 compared with income before income taxes of $20,482,000 for the same period last year. Net loss was $10,274,000 or $0.13 diluted per share compared with net income of $20,692,000 or $0.27 diluted per share for the same period last year. Net cash provided by operating activities was $69,972,000 compared with $69,209,000 for the same period last year. Purchases of property, equipment and software were $37,062,000 compared with $32,952,000 for the same period last year. Adjusted EBITDA was $70,589,000 compared with $90,312,000 for the same period last year. Non-GAAP net income was $30,342,000 or $0.39 diluted per share compared with $44,873,000 or $0.59 diluted per share for the same period last year. Non-GAAP operating income was at $51,288,000 against $75,551,000 reported last year.
The company expects to achieve the following results during its first quarter ended March 31, 2015: total revenue is expected to be in the range of $107.0 million to $109.0 million; adjusted EBITDA is expected to be in the range of $18.0 million to $19.0 million; non-GAAP net income per diluted share is expected to be in the range of $0.09 to $0.10; non-GAAP tax rate of approximately 40%.
The company expects to achieve the following results during its calendar year ended December 31, 2015: total revenue is expected to be in the range of $450.0 million to $460.0 million; adjusted EBITDA is expected to be in the range of $80.0 million to $85.0 million; non-GAAP net income per diluted share is expected to be in the range of $0.41 to $0.45; non-GAAP tax rate of approximately 40% and capital expenditures are expected to be relatively in line with 2014 levels.

Interstate Realty Management Company has selected RealPage, Inc. as its technology partner. The company will deploy most of RealPage’s on-demand solutions across its 343 sites, which represents 31,856 units. Interstate will be deploying the vast majority of RealPage solutions, including the affordable property management suite, accounting and budgeting, facilities, spend management, resident screening, payments and resident portals, and business intelligence.

RealPage, Inc. to Report Q4, 2014 Results on Feb 26, 2015

Feb 20 15

RealPage, Inc. announced that they will report Q4, 2014 results on Feb 26, 2015

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